Market Research Future Highlights
The automated material handling market refers to the use of advanced technologies and automated systems to move, store, control, and protect materials, products, and goods in a manufacturing, warehouse, or distribution environment. The market includes a wide range of solutions such as conveyors, robots, automated storage and retrieval systems (AS/RS), automated guided vehicles (AGVs), and software and control systems.
The global automated material handling market size is expected to grow from USD 31.4 billion in 2020 to USD 87.4 billion by 2030, at a CAGR of 10.2% during the forecast period. The report also highlights the Asia Pacific region as the fastest-growing market, driven by the growth of the manufacturing and logistics industries in countries such as China and India.
Key Players
Key players in the automated material handling market include.
- Daifuku Co., Ltd.
- KION Group AG
- Toyota Industries Corporation
- Honeywell Intelligrated
- Murata Machinery, Ltd.
- KNAPP AG, among others.
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Regional Analysis
The automated material handling market can be analyzed on a regional basis, considering factors such as market size, growth rate, and trends. Here's a brief regional analysis of the market:
North America: The North American automated material handling market is one of the largest in the world. The region is home to several major players in the market and has a well-established manufacturing and logistics industry. The increasing adoption of e-commerce and omni-channel retailing is also driving the growth of the market in the region.
Europe: Europe is another significant market for automated material handling systems. The region has a highly developed logistics and transportation industry, with several companies adopting advanced technologies to streamline their operations. The increasing focus on sustainability and energy efficiency is also driving the demand for automated material handling solutions in the region.
Asia Pacific: The Asia Pacific region is the fastest-growing market for automated material handling systems. The region has a large population and a rapidly growing manufacturing industry, with countries such as China, India, and Japan driving the growth of the market. The increasing adoption of Industry 4.0 and the Internet of Things (IoT) technologies is also contributing to the growth of the market in the region.
Latin America: The Latin American automated material handling market is relatively small but is expected to grow at a significant rate in the coming years. The increasing demand for automation in industries such as food and beverage, pharmaceuticals, and retail is driving the growth of the market in the region.
Middle East and Africa: The Middle East and Africa automated material handling market is also relatively small but is expected to grow at a moderate rate in the coming years. The region has a growing manufacturing industry and increasing investments in infrastructure development, which is driving the demand for automated material handling solutions.
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Market Segmentation
The automated material handling market can be segmented based on various factors such as product type, system type, application, industry vertical, and region. Here's a brief overview of each segmentation:
By product type: The market can be segmented into conveyors, automated storage and retrieval systems (AS/RS), automated guided vehicles (AGVs), robots, and software and control systems.
By system type: The market can be segmented into unit load material handling systems and bulk load material handling systems.
By application: The market can be segmented into assembly, packaging, transportation, distribution, storage, and waste handling.
By industry vertical: The market can be segmented into automotive, healthcare, e-commerce, retail, food and beverage, logistics and transportation, and others.
By region: The market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The segmentation of the market helps in understanding the market dynamics, identifying growth opportunities, and developing targeted marketing strategies for different market segments. For example, the demand for AGVs is high in the automotive industry, while the demand for AS/RS is high in the e-commerce and retail industries. Similarly, the Asia Pacific region is expected to witness the highest growth in the market due to the increasing manufacturing and logistics industries in countries such as China and India.
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